EnergyX acquires Daytona Lithium

The global race to the top of the lithium mountain just took another turn as Energy Exploration Technologies, Inc. (EnergyX), the U.S.-based lithium tech company backed by General Motors, POSCO, and Eni, is set to acquire Daytona Lithium from Pantera for $40 million dollars. This gives EnergyX control of nearly 50,000 acres in the Smackover Formation, one of the most valuable lithium basins in North America.

EnergyX is a global pioneer in sustainable lithium extraction and refining technologies and aims to reinforce its dominance in North America’s most promising lithium region and accelerate its mission to establish a secure, sustainable U.S. battery supply chain.

The company adds the 35,000 gross acres of Smackover lithium brine resources in Arkansas to its already existing 12,500-acre Texas position.

EnergyX owns rights to 330 acres of recently cleared land near the Red River Army Depot in Bowie County to build its lithium mega refinery.

The company’s Project Lonestar™, located in Northeast Texas of the Smackover Formation, is designed to produce 50,000 tonnes per annum (tpa) of lithium hydroxide by 2030, with a first phase of 12,500 tpa by 2028.

Now with a solid resource footprint for Project Lonestar ™, EnergyX will vertically integrate its proprietary LiTAS Direct Lithium Extraction (DLE) technology platform to produce low-cost lithium for its growing customer base. EnergyX can unlock unprecedented efficiencies in lithium production, leveraging its patented technology portfolio to achieve faster extraction, higher recovery rates, and reduced environmental impact.

Supported with engineering services from Worley, a leading global professional services company of energy, chemicals, and resources experts, with demonstrated delivery in lithium engineering, procurement, and construction, this acquisition amplifies EnergyX’s capacity to drive U.S. lithium production, reducing dependence on foreign sources and strengthening national energy security.

The integration of EnergyX’s LiTAS platform, which combines adsorption, solvent extraction, and selective membrane technologies, ensures that the Project Lonestar ™ will achieve industry-leading recovery rates and cost efficiencies, setting a new standard for sustainable lithium production.

“This acquisition by EnergyX of 35,000 acres of lithium assets from Pantera represents a transformative milestone as we continue to redefine the global lithium supply chain,” said Teague Egan, CEO and Founder of EnergyX. “By vertically integrating a world class lithium resource with our advanced LiTAS DLE technology platform, we will accelerate our roadmap in building Project Lonestar™ to become a full-spectrum, low-cost lithium producer. EnergyX is now poised to deliver a scalable, sustainable lithium supply to major EV makers, battery cell manufacturers, and cathode makers from our production facilities in the Americas. With 50,000 acres positioned adjacent to Exxon, Chevron, and Standard Lithium in the Smackover, the race is on to see who will be the first to produce commercial battery grade lithium”.

Energy Exploration Technologies Inc. (EnergyX) is a global leader in the energy transition, delivering innovative solutions for lithium extraction, refining, and energy storage. Founded in 2018 by CEO Teague Egan, EnergyX’s patented LiTAS DLE platform and SoLiS™ battery initiatives address critical challenges in the lithium supply chain, offering unmatched efficiency, sustainability, and scalability. With operations across North and South America, EnergyX is fundamentally changing how the world powers clean energy. EnergyX’s global portfolio includes Project Lonestar™ and Project Black Giant™ in Antofagasta, Chile, which spans over 100,000 acres with a resource of 4.5 to 9.7 million tonnes of LCE and targets 52,500 tons per annum. Strategic investments from General Motors, POSCO, Eni Next, and a grant award from the U.S. Department of Energy underscore EnergyX’s leadership in the energy transition.As EnergyX continues to accelerate its growth, the company invites retail investors to join its mission to power a sustainable future. For more information, please visit www.energyx.com.